Thoughts on Money

We need to remember that the market is not the economy, and the economy is not the market. And the economy makes me very worried about food banks. Children are hungry, people are hungry. And when kids can’t eat they can’t pay attention in school, and if they can’t pay attention in school they can’t be good students; they can’t move forward in the... See more

I work with the wealthy, the children of the wealthy and the soon to be wealthy. Please listen to what I have to say. I know you think that if you can just make enough money, your problems will go away. And there will be harmony in your household. And your relationships will be better.Unfortunately, that that’s not how it works. What actually... See more

“conventional budgeting methods rely on restriction, discipline, and perfectionism in a way that doesn’t work for people. They ignore an important truth about money: it’s meant to be spent.”

But consumption smoothing pays homage to an existential reality: Life itself is the ultimate scarce asset. The future is unknowable, and religiously maintaining a double-digit savings rate through the worst squalls of life is not of the utmost importance.

I have great control of my money when I am earning it. I have zero control of my money when I am not.

Being "good with money" means you know how to USE it. Saving money is one use, but it's not the exclusive way to put your money to work for you .

A lot of financial mistakes come from trying to copy people who are different from you.

Security is fundamentally about being able to hold and stay in the tension of uncertainty without compulsively resolving it or dispelling it.